BNP Paribas Financial Markets lessened its stake in shares of Huntsman Co. (NYSE:HUN - Free Report) by 37.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,847 shares of the basic materials company's stock after selling 94,840 shares during the period. BNP Paribas Financial Markets owned about 0.09% of Huntsman worth $3,844,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of HUN. Matrix Trust Co bought a new position in Huntsman during the 3rd quarter worth about $25,000. nVerses Capital LLC boosted its stake in shares of Huntsman by 1,250.0% during the second quarter. nVerses Capital LLC now owns 2,700 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 2,500 shares in the last quarter. Innealta Capital LLC purchased a new position in Huntsman during the second quarter valued at approximately $65,000. Capital Performance Advisors LLP bought a new position in Huntsman in the third quarter worth approximately $78,000. Finally, Quarry LP lifted its holdings in Huntsman by 64.8% during the second quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock worth $83,000 after buying an additional 1,441 shares during the period. Hedge funds and other institutional investors own 84.81% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Wells Fargo & Company cut their target price on Huntsman from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of Huntsman from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group lowered their price target on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $25.75.
Check Out Our Latest Stock Analysis on HUN
Insider Buying and Selling at Huntsman
In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.60% of the company's stock.
Huntsman Stock Down 0.8 %
Shares of HUN traded down $0.17 during mid-day trading on Thursday, hitting $20.08. 2,963,939 shares of the company traded hands, compared to its average volume of 1,921,325. The company has a market capitalization of $3.47 billion, a PE ratio of -29.10 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $21.69 and a 200 day moving average of $22.36. Huntsman Co. has a 1-year low of $19.11 and a 1-year high of $27.01.
Huntsman (NYSE:HUN - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted $0.15 EPS. Huntsman's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Huntsman Co. will post 0.09 EPS for the current year.
Huntsman Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.98%. Huntsman's dividend payout ratio is currently -144.93%.
About Huntsman
(
Free Report)
Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.
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